Will the Forced Shift to Digital Make Bed Bath & Beyond Stronger? [The Motley Fool]
Bed Bath & Beyond, Inc. (BBBY)
Last bed bath & beyond, inc. earnings: 4/15 04:15 pm
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Source: The Motley Fool
WhileBed Bath & Beyond(NASDAQ:BBBYThis is great news for the company, who's inability to move toward digital has kept it from gaining market share over the past few years. The question at the end of the pandemic will be: Can Bed Bath & Beyond keep it up?What's been taking so long?When activist investors ousted the housewares company's executive team at the end of 09, one of the main grievances was its failure to catch the digital wave, instead remaining mired in outdated megastores that were overstuffed and difficult to navigate. While new CEO Mark Tritton has made it a goal to transition to an improved omnichannel strategy, that move has been slow, and sales have continued to decrease.Image source: Getty images.There have been all sorts of excuses, including the need to get rid of current inventory; the focus on shoring up cash reserves before making too big of a move; and having key items out of inventory at the wrong times.Pushed by a pandemicWith stores closed nationally as a resu
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